64 Rosman RdThiells, NY 10984

Property Details for 64 Rosman Rd

Year built

1960

Lot size

0.99 AC

Property size (Sq ft)

3,624 SF

Zone code

915

Property type

Showrooms

APN

392289 26.05-1-44.2

APU

39228926051442

Description

This exceptional investment property located at 64 Rosman Rd, Thiells, NY presents a rare opportunity to acquire a substantial multi-family complex. The property encompasses a spacious 7,137 square feet building housing four individual residential units, in addition to a separate mobile home, all situated on a generous 0.99-acre lot. The substantial lot size offers ample parking for tenants, a significant advantage in this location. A large garage provides additional storage and potential for further development or income generation. The property's convenient location offers easy access to shopping centers and public transportation, enhancing its appeal to potential tenants and maximizing rental income. The R-15 zoning designation opens up possibilities for future expansion or modifications, subject to local regulations. This turnkey investment is ideal for seasoned investors seeking a strong return on investment in a desirable location. The property's size, combined with its multiple income streams and convenient location, makes it a compelling opportunity for those seeking a stable and profitable real estate venture. The existing structure is well-maintained and ready for immediate occupancy, minimizing upfront costs and maximizing immediate returns. This is a truly exceptional opportunity to acquire a high-yield investment property in a thriving community. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $971,416

  6.5%

  $896,691

  7%

  $832,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,194,854

  Geo Method

  $1,193,250

• Alternative Use

  Use

  Valuation

  Residential

  $756,393

  Hospitality

  $692,852

  Educational

  $576,444

  Medical

  $596,269

  Retail

  $896,691

Location Insight

City

Thiells

County

Rockland

State

New York

Latitude

41.2051

Longitude

-74.0133

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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